Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Mountain Grove Lane lot 68 Fletcher, NC 28732

    View on Map
    Claim this Listing
    For Sale
    $449,000

    LAND - Fletcher, NC

    Lot size:
    3.19 Acres
    Added:
    Apr 17, 2025
    Days on Market:
    366
    Last Refresh:
    Apr 17 at 3:06 am

    Property Features for Mountain Grove Lane lot 68

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    10007614
    Lot size
    3.19 Acres

    Taxes and HOA fees

    Tax Description
    COUCH MOUNTAIN LO68 PH3A PL2021-13514

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Kristie Yarbrough
    Kristie Yarbrough

    Listing agent Kristie Yarbrough License #310126

    Listing office EXP Realty LLC 16 Biltmore Ave Suite #300, Charlotte, NC

    Listing date Apr 17, 2025

    MLS# 4248239 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fletcher Land with Mountain Views

    Located on Mountain Grove Lane, Lot 68 offers a 3.19-acre homesite with expansive, long-range mountain views. The relatively flat lot allows residents to enjoy mountain sunsets from their future home. The property provides easy access to the Featherstone Path and Laurel Run Trail. Couch Mountain provides access to two community gardens, a greenhouse, an apiary, and the 138-acre Nature Preserve. The preserve includes over 4 miles of hiking and biking trails. Situated between Hendersonville and Asheville, the location allows convenient access to the mountain towns' charm and beauty.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fletcher
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.465315
    Latitude
    35.410225

    Nearby Similar for Sale

    • $370,000

      Fletcher Land Parcel For Sale

      6.76 acre parcel suitable for residential development and subdivision.
      562 Concord Road, Fletcher, NC 28732
      View Details
    • $13,000,000

      Fletcher Industrial Facility For Sale

      87,000 SF industrial facility with warehouse and office space.
      280 Cane Creek Road, Fletcher, NC 28732
      View Details
    • $300,000

      Fletcher Land with Open Use

      1.4 acre commercial land with open use zoning.
      1961 Cane Creek Road, Fletcher, NC 28732
      View Details
    • $342,000

      Land with Mountain Views

      Homesite with mountain views in established community near Asheville.
      Feather Stone Drive lot: 64, Fletcher, NC 28732
      View Details
    • $77,500

      Land in Okoboji Wilderness

      2.28-acre homesite with mountain views in Fletcher, North Carolina.
      99999 Okoboji Drive, Fletcher, NC 28732
      View Details
    • $110,000

      Residential Land in Fletcher, NC

      1.5-acre residential land parcel suitable for building a home.
      99999 Concord Road, Fletcher, NC 28732
      View Details
    • $199,000

      Fletcher, NC Homesite in Community

      Private homesite in gated community with nature preserve and trails.
      99 Spring Song Lane, Fletcher, NC 28732
      View Details
    • $105,000

      Unrestricted Land in Hoopers Creek

      2.64 acres of unrestricted land near Hendersonville.
      Terrys Gap Road, Fletcher, NC 28732
      View Details
    • $299,000

      Fletcher, NC Homesite with Views

      3.8-acre homesite with mountain views, near Asheville and Hendersonville.
      Mountain Grove Lane lot: 59, Fletcher, NC 28732
      View Details
    • $300,000

      Fletcher Commercial Land For Sale

      1.4 acre commercial land with open use zoning.
      1961 Cane Creek Road, Fletcher, NC 28732
      View Details
    • $185,000

      Residential Land in Ravenwood Estates

      Level lot ready for custom home in Fletcher, NC.
      Ravenwood Drive, Fletcher, NC 28732
      View Details
    • $6,500,000
      31,620 SF

      Corporate Center with High-Speed Server

      31,620 SF move-in ready facility for sale.
      220 Continuum Drive, Fletcher, NC 28732
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.19-acre homesite with mountain views, near trails.
    Where is this residential land & home lot located?
    The property is located at Mountain Grove Lane lot 68 Fletcher, NC.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Breathtaking, expansive, long‑range mountain views and sunsets.; 3.19‑acre relatively flat homesite.; Easy access to Featherstone Path and Laurel Run Trail.
    (828) 782-8187
    We can help!
    Listing Contact
    Kristie Yarbrough
    Kristie Yarbrough
    Real Estate License ID: 310126
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!